Hoyer: House Will Vote on China Currency Legislation Next Week

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today after the House Ways and Means Committee passed H.R. 2378, the Currency Reform for Fair Trade Act, by voice vote:

“I’m pleased the Ways and Means Committee passed WTO-consistent China currency legislation this morning. I will bring this bill to the House Floor for a vote next week. While a multilateral approach to addressing this issue is preferable, we cannot wait any longer to level the playing field for U.S. businesses and protect American manufacturing jobs. We recognize the efforts China is making toward reform, but they need to act faster to allow their currency to appreciate. Taking action on this bill, as part of our Make It In America agenda to strengthen U.S. manufacturing and create jobs, will help American workers and small businesses compete successfully.”